All prices in USD
  • Avg. revenue /month
    $4,376
  • Avg. sessions /month3,192
  • Avg. profit /month
    $426
  • Inventory value
    $5,000

Business Story

Why this business was started

A PWC report stated "drones are becoming an increasingly familiar aspect of life and work in the UK today, playing a growing role in areas ranging from emergency services to construction to oil and gas. But this is just the start." The report estimated that there was room for exponential growth for the growth of drones in the UK. Considering that I am very enthusiastic about drones and technology, I decided to embark on the journey.

The reason of selling this business

It has been a very interesting journey but I am considering selling the business because I am starting a family and won't have the time to dedicate to the business anymore. In between my full time job and a young family, I no longer have the 5hrs/week that I currently spend on the business.

What's involved in running this business

Although the business is currently not a dropshipping model, it can easily be transitioned into one. To run the business, you will need to: - Research quality drones that will sell quickly - Order from suppliers - Storing the product - Fulfilling orders - SEO - Running advertising campaigns

This business was founded: over 3 years ago
Time to run this business: approximately 5 hours per week

Traffic and Performance

  • Avg. revenue /month
    $4,376
    Verified
  • Avg. sessions /month3,192Verified
  • Avg. profit /month
    $426
  • Inventory value
    $5,000
  • Profit Margin10%
  • Avg. sales /month15
Other details about profit: Average order is around £180 which means you only need to sell a few drones to cover the cost of running the business and make a profit. This business has a huge potential for growth and in the right hands can grown immensely. In 2020 during the global pandemic, the revenue grew about 700%; so there is room for growth! The key to success is to work smarter. This business requires less effort to make a decent amount of profit. With an average sales of just 15 items per month, you do NOT have to spend a lot of time to generate profit.
Total revenue
  • $175,022
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 127,715Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $79
      /month
    • Inventory warehouse
      $1
      /month
    • Domain
      $14
      /year
    • Social Media, Blog, Adwords
      $50
      /month
    • 0800 Phone number - Pay as you go
      $5
      /month

    Sale Includes

    • Physical inventory

    • Logo and branding assets

      The created logo and favicon. Will be transferred via Wetransfer.
    • Personal support after sale

      I will provide up to 3 months of support after the sale has completed to help with a smooth transition.
    • Domain

    • Product photos

      Pictures will remain on the store!
    • Social media

      Total followers400subscribers
    • Suppliers

      Will connect you to the RELIABLE supplier relationships that I have built over the years, so you can continue a formidable relationship.
    • Mailing List

      2,616subscribers

    Seller‘s Advice

    How to grow this business

    I currently only spend about £30 per month (not consistently), which is quite small for the current revenue. To scale the business, it is advisable to increase marketing spend. I have not spent that much time on SEO because I am a complete novice. For exponential growth of this business, a strong focus on SEO is very important. This might mean hiring people with the expertise. As part of SEO, I will invest in writing blogs that will generate organic traffic to the site.

    Skills to have

    No special skill is required. You can learn on the job or hire people that can provide the best: - SEO - Marketing - Customer Service

    Share

    SO
    Simeon O.Current store owner
    I currently work as a Business Analyst with several years of experience in technical requirements gathering and project analysis. In my day job, I am involved in full Software Development Life Cycle (SDLC) of projects. I am very passionate in innovative technologies such as Blockchain, Cloud, Quantum Computing, API and IoT. I have worked for one of the biggest fashion retailers in the UK, hence the reason why the User Experience on the site is better than competitors.

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